170 ROOSEVELT DRIVE 6, Sarasota, FL 34236

• 5 baths |
• 294 sqft

Property Description

Rare Income-Producing Portfolio on South Lido Key – 5 Turnkey STR Units A rare opportunity to acquire a fully operating short-term rental portfolio on South Lido Key, one of Sarasota’s most coveted coastal markets. This offering includes five updated studio units within a boutique beachside community just steps from two direct beach access points and a short ride to St. Armands Circle. Each unit is managed, actively listed, and consistently booked, delivering proven performance and strong guest demand year-round. These condos have a long track record as successful Airbnb rentals, with 2024 gross income averaging $38,470 per unit and portfolio-wide net income of $113,255 after HOA, taxes, utilities, and cleaning expenses. This is a cash-flowing, turnkey asset in a high-barrier-to-entry vacation rental market. The property features a community pool and sliding glass access private patios for each unit, creating the indoor/outdoor lifestyle guests expect on Lido. Interiors have been updated over the years and show pride of ownership throughout. Major mechanical systems are in good condition, with recent A/C and hot water tank replacements across the portfolio for peace of mind. Unit Renovation & Mechanical Summary: • Unit 2 – Updated | AC ~4 yrs | WH < 6 yrs • Unit 6 – Updated | AC ~4 yrs | WH < 6 yrs • Unit 10 – Updated | AC ~2 yrs | WH < 6 yrs • Unit 11 – Updated | AC ~3 yrs | WH < 3 yrs • Unit 12 – Updated | AC ~2 yrs | WH < 3 yrs This type of offering is rarely available — a multi-unit STR package on Lido Key with documented income history, repeat traveler base, and proven operational infrastructure already in place. Keep as a turnkey portfolio, self-manage, or explore value-add improvements and dynamic pricing to further enhance returns. 5 units. One unbeatable coastal investment. Opportunities like this do not come around often.

Listing Status:

Active

Date Added:

November 4, 2025 at 06:00AM

Listing Office:

RE/MAX ALLIANCE GROUP : 941-954-5454

Listing Agent:

Joey Lamielle : 941-350-0016

MLS ID:

A4670924

Interior

• General: Ceiling Fans(s)Open FloorplanSolid Wood CabinetsStone CountersThermostatWindow Treatments
• Laundry: Inside
• A/C: Central Air
• Heating: Central

Exterior

• General: CourtyardFenceGardenStorage
• Other Structures: Storage

Construction

• Roofing: Shingle
• General: BlockSlab

Location

• Road/Access: AsphaltConcrete
• HOA Amenities: 595.0Monthly
• Originating MLS: Stellar MLS
• County: Sarasota

Lot

• Zoning: RMF3UNIT 62101112 PELICAN GARDENS2016144006
• View: GardenTrees/Woods

Utilities

• Utilities: Public
• Water: Public
• Sewer: Public Sewer

Financial

• Source: Stellar MLS
• Ownership: Condominium

This listing courtesy of Joey Lamielle, RE/MAX ALLIANCE GROUP